Wheels falling off at RAH
07-08-2015, 08:22 PM
#881
Gets Weekends Off
Joined APC: Nov 2014
Posts: 558
Originally Posted by ComAirColonel
We have the unique situation where the market is moving faster than the negotiators have the ability to contemplate. Regional pilot salaries should be doubling and the negotiations are thinking what, 10 to 20%? If the airlines were smart they would want to wrap up these contract negotiations as soon as possible and lock in these low rates.
There should not be airline captains at regionals making less than 100k, probably 110 to 120 should be the minimum. Everyone needs to adjust their expectation because that is where the free market is.
There should not be airline captains at regionals making less than 100k, probably 110 to 120 should be the minimum. Everyone needs to adjust their expectation because that is where the free market is.
07-08-2015, 09:05 PM
#882
Gets Weekends Off
Joined APC: Apr 2014
Posts: 338
Originally Posted by scudrunner13
I second that!
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
Edit: Also, you are not understanding the way debt works for a business like Republic. They have been making payments on aircraft for the last several years. During this same period they have become the 4th most profitable airline in the world! These payments are baked into the CPAs that they negotiate with their mainline partners (they get paid more per departure because they own the aircraft).
Boiled down: they do not need to make 100+ million in profit to break even. These costs are already on their balance sheets and they are turning a profit.
07-08-2015, 09:48 PM
#883
Line Holder
Joined APC: Feb 2015
Posts: 58
Originally Posted by TalkTurkey
In other words, spineless union negotiators should grow some cojones and stand firm on their positions.
There are no pilots out there at the price that is being offered. I'm sitting at home because it is not worth getting out of bed to go fly for a regional salary. Who can afford to go to work at that pay?
What are they paying pilots flying RJs in Japan, Korea, China? It is now a world market for pilots. KDA - Know what you are worth, Demand what you are worth, Accept nothing less. KDA.
07-08-2015, 10:04 PM
#884
Line Holder
Joined APC: Jul 2015
Posts: 28
I've been told to expect that the pilots who have been with the airline a while can expect a 5 to 7% increase with a 21 to 22% over the course of a 5 year contract. The later numbers will take into account increases from getting cancelation pay. New hires and FOs in there first couple of years will get more to keep them from leaving so quickly.
If you take into account that the contract expired years ago plus inflation, it ends up being a pay cut from what the pay used to be. But we will be more competitive in getting new planes from Delta and United and the quicker upgrade I'm told should be considered a huge pay raise.
We also get a bonus if we can sign someone on, so if you are looking PM me and we can get the party started. Shinny jets! Glass cockpits! Free soda/pops! One % 401k matching! Quick upgrade for survivors! Feel the love and sign on!
Everyone here is terrified to rock the boat. We will take what we are given. While the others strike, we will grow.
If you take into account that the contract expired years ago plus inflation, it ends up being a pay cut from what the pay used to be. But we will be more competitive in getting new planes from Delta and United and the quicker upgrade I'm told should be considered a huge pay raise.
We also get a bonus if we can sign someone on, so if you are looking PM me and we can get the party started. Shinny jets! Glass cockpits! Free soda/pops! One % 401k matching! Quick upgrade for survivors! Feel the love and sign on!
Everyone here is terrified to rock the boat. We will take what we are given. While the others strike, we will grow.
07-09-2015, 12:09 AM
#885
Gets Weekends Off
Joined APC: Dec 2007
Posts: 790
Originally Posted by scudrunner13
I second that!
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
As a pilot , you are not responsible of the debt that company has. Your financial responsibility is against your family, car financing , mortgage companies.
If you knew anything about balance sheets, that's the way the company finances the airplanes.
Take a look at the money that executives received since 2007 and tell me more about company not having any money.
Your NC is the best that is out there and they are protecting the scope. Otherwise you'd be getting furloughed last spring with 145s going to Wayne air.
God bless.
07-09-2015, 03:25 AM
#886
Gets Weekends Off
Joined APC: Jun 2011
Posts: 1,152
Originally Posted by scudrunner13
I second that!
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
My NC speaks for me!
07-09-2015, 04:33 AM
#887
Gets Weekends Off
Joined APC: Sep 2014
Posts: 111
Originally Posted by seattlepilot
As a pilot , you are not responsible of the debt that company has. Your financial responsibility is against your family, car financing , mortgage companies.
If you knew anything about balance sheets, that's the way the company finances the airplanes.
If you knew anything about balance sheets, that's the way the company finances the airplanes.
Has anyone actually seen what the company is offering or is everyone just listening to what the NC says. Because, honestly, at this point I will take a "good" contract with fair pay, then going on and on for another year plus waiting for the NC and the company to finally agree, which may NEVER happen.
Take another look at that balance sheet by the way, aside from selling the aircraft we own, bankruptcy is a very real possibility, try negotiating a new contract with a company in bankruptcy..
07-09-2015, 05:29 AM
#888
Gets Weekends Off
Joined APC: Jul 2013
Posts: 611
This is definitley not going to help the balance sheet:
Republic Airways Holdings Reports June 2015 Traffic - MarketWatch
Republic Airways Holdings Reports June 2015 Traffic - MarketWatch
07-09-2015, 06:13 AM
#889
Gets Weekends Off
Joined APC: Dec 2007
Posts: 790
Originally Posted by scudrunner13
So looking at the current financial status of my employer and UNDERSTANDING how to read a balance sheet, isn't being financially responsible when wondering if i am going to have a job in the future to pay my mortgage and support a family.......yeah, that makes sense to me.
Has anyone actually seen what the company is offering or is everyone just listening to what the NC says. Because, honestly, at this point I will take a "good" contract with fair pay, then going on and on for another year plus waiting for the NC and the company to finally agree, which may NEVER happen.
Take another look at that balance sheet by the way, aside from selling the aircraft we own, bankruptcy is a very real possibility, try negotiating a new contract with a company in bankruptcy..
Has anyone actually seen what the company is offering or is everyone just listening to what the NC says. Because, honestly, at this point I will take a "good" contract with fair pay, then going on and on for another year plus waiting for the NC and the company to finally agree, which may NEVER happen.
Take another look at that balance sheet by the way, aside from selling the aircraft we own, bankruptcy is a very real possibility, try negotiating a new contract with a company in bankruptcy..
once again, I need to get compensated for my work accordingly while we are hurting for pilots. Company doesn't even propose cola. F that.
07-09-2015, 08:02 AM
#890
Gets Weekends Off
Joined APC: Feb 2015
Posts: 183
All the guys on the negotiating committee are good guys. I don't have a dog in this fight anymore, but it sounds like BB is trying to divide the pilot group once again. The NC has a support staff that reviews the feasibility of their proposal, so I seriously doubt they are asking for a 130k signing bonus. Also why would the company be so upset about having 747 (or C300) pay rates ? I mean if they are not going to fly the airplane it doesn't matter! Trust you NC and not company propaganda! This goes for scope as well, and they will outsource your jobs if they can. Both scope and 100+ seat aircraft do not cost RAH anything, if they are ethical about their decsions.
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